Ouch part 2

So I’m watching the market (too closely) and noticed that things are really not going my way.  The longer I sit here the more I am losing money.  This isn’t how I will win any competition.  Since I don’t know where the market is heading (nobody does, I realize that), I’m going to sell and just take the losses.  Soon.  Maybe.

Just because I feel that this is a blip, I’m going to be ready to get back in with my puts.  RIMM is a bloated pig that just seems nearly impossible to bet against, but that’s where I’ve made most of my money with RIMM (much greater profit with puts than calls).  But as always RIMM sucks those into it’s hole and spits them out with less money than they entered.

The Dow is about to push through +300 pts today.  That’s a pretty big move.  Two days, over 500 points.  For sure last week’s losses are just history for the DJI, with the current DJI above 13,250.

Well, it’s time for me to get out of the way of this train.  Well, maybe more accurate to say pull my other leg out from under the train.